REG-CRH plc CRH Continues Share Buyback Program

CRHAnnouncement

10/05/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240510:nBw7CJcSba&default-theme=true


CRH Continues Share Buyback Program

 

CRH plc, the leading provider of building materials solutions, is pleased to
announce that it has completed the latest phase of its share buyback program,
returning a further $0.3 billion of cash to shareholders.

Between February 29, 2024 and May 9, 2024, 3.7 million ordinary shares listed
on the New York Stock Exchange were repurchased. This brings total cash
returned to shareholders under our ongoing share buyback program to $7.6
billion since its commencement in May 2018.

CRH today also announces that it has entered into an arrangement with HSBC
Securities (USA) Inc. (“HSBC”) to repurchase ordinary shares listed on the
New York Stock Exchange on CRH’s behalf for an aggregate maximum
consideration of up to $0.3 billion (the “Buyback”). The Buyback will
commence today, May 10, 2024, and will end no later than August 7, 2024.

HSBC will conduct the Buyback on CRH’s behalf and will make trading
decisions under the Buyback independently of CRH in accordance with certain
pre-set parameters. The maximum number of ordinary shares which may be
acquired pursuant to the Buyback is 60,000,000. The purpose of the Buyback is
to reduce the share capital of CRH.

The Buyback will be conducted within the parameters prescribed by (i) Rule
10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as
amended and (ii) the EU Market Abuse Regulation (596/2014) and Commission
Delegated Regulation (EU) 2016/1052 as such legislation forms part of the law
in the United Kingdom (“UK”) pursuant to the EU (Withdrawal) Act 2018 (as
may be amended and/or supplemented from time to time). No repurchases will be
made outside of the United States. The repurchased ordinary shares will be
cancelled.

Any decision in relation to any future buyback program will be based on an
ongoing assessment of the capital needs of the business and general market
conditions.

***

About CRH

CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials
solutions that build, connect and improve our world. Employing approximately
78,500 people at approximately 3,390 operating locations in 28 countries, CRH
has market leadership positions in both North America and Europe. As the
essential partner for transportation and critical utility infrastructure
projects, complex non-residential construction and outdoor living solutions,
CRH’s unique offering of materials, products and value-added services helps
to deliver a more resilient and sustainable built environment. The company is
ranked among sector leaders by Environmental, Social and Governance (ESG)
rating agencies. A Fortune 500 company, CRH’s shares are listed on the NYSE
and the LSE.

Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin
2, D02 R279, Ireland

Forward-Looking Statements

This document contains statements that are, or may be deemed to be,
forward-looking statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements may
generally, but not always, be identified by the use of words such as "will" or
similar expressions. These forward-looking statements include all matters that
are not historical facts or matters of fact at the date of this document.
Forward-looking statements are subject to risks, uncertainties and other
factors because they relate to events and depend on circumstances that may or
may not occur in the future and/or are beyond CRH’s control or precise
estimate. Such forward-looking statements include, but are not limited to,
expectations related to the structure, timing and volume of the Buyback and
manner in which the Buyback will be conducted and expectations related to
decisions on any future buyback program. There are important factors that
could cause actual outcomes and results to be materially different, including
risks and uncertainties relating to CRH described in Item 1.A —Risk Factors
of CRH’s Annual Report on Form 10-K for the year ended December 31, 2023 and
CRH’s other filings with the U.S. Securities and Exchange Commission. You
are cautioned not to place undue reliance on any forward-looking statements.
These forward-looking statements are made as of the date of this document. CRH
expressly disclaims any obligation or undertaking to publicly update or revise
these forward-looking statements other than as required by applicable law.

Contact CRH at +353 1 404 1000 

Albert Manifold, Chief Executive

Jim Mintern, Chief Financial Officer

Frank Heisterkamp, Director of Capital Markets & ESG

Tom Holmes, Head of Investor Relations



View source version on businesswire.com:
https://www.businesswire.com/news/home/20240509243677/en/
(https://www.businesswire.com/news/home/20240509243677/en/)

CRH plc


Copyright Business Wire 2024